EPM Solutions
Starting your EPM journey
Why Oracle?
Oracle’s EPM Cloud suite is the optimal choice for any organization. Oracle provides an overall solution architecture that adds additional value as each product is implemented.
Oracle’s low-code product design reduces implementation costs, timeline, and drastically reduces maintenance costs as resources need to be less technical.
Implementing a ‘best-of-breed’ solution for each of your organization’s needs creates a fragmented approach that materially increases maintenance, enhancement, and integration costs.
Each Oracle suite module implemented adds synergies and reduces total cost of ownership (TCO).
Understand the Maturity Curve
Each organization follows nearly identical journeys while along the Finance/Accounting maturity curve. Organizations can choose different tools, but the path is almost always the same:
- Excel-based
- EPM used as a repository
- Simple automation on current processes
- Process redesign based on improved future state
- Improve data architecture, quality, & enrichment
- Advanced EPM use cases (e.g. advanced driver-based planning), and expansion of EPM tools to leverage full functionality
- Predictive Planning & AI Pilots
- Process Redesign for Predictive & AI Usage
- Redesign data architecture to leverage AI & machine learning
- Implement AI
EPM Cloud Product Suite
Account Reconciliation
The single highest ROI tool in the EPM suite. Manually reconciling accounts during the close adds little to no value. Establishing a monthly, quarterly, and annual reconciliation process drives instant ROI to any accounting organization.
The hidden benefits are reduced burnout as these manual reconciliation tasks are tedious and reduce job satisfaction, which increase turnover.
Consolidations
Implementing a consolidation tool is a necessary step in the evolution of any Accounting organization. The key elements to consider before any implementation:
- Address process inefficiencies
- Document recurring journal entries and desired close calendar
- Align on required entity structures
- Align on data conversion and validation approach
The areas of risk and complexity are almost always centered on automated eliminations, dollar overrides, FX and their corresponding impact on data validation.
Planning
The most complex and intricate area of the EPM cloud suite is the planning suite.
The planning modules have the highest implementation failure rate as most consulting firms are not equipped to handle the modeling, process, and technical implementation needs of every client.
Each process area (Revenue, Opex, Labor, Project, Capital, Balance Sheet, Allocations & Profitability, Management Reporting, and more) requires deep and broad expertise that most smaller implementation providers lack. This is why many organizations default to big-4 type SIs, hoping the bench depth will offset risk.
Brands don’t ensure successful delivery – people do. Reach out today to understand why Proforma is the best choice for your organization.
Masterdata Management
Oracle Enterprise Data Management (EDM) is a powerful tool within the Oracle EPM Cloud suite, designed for centralized hierarchy and master data management. It enables you to author, maintain, and publish consistent hierarchies and dimensions across multiple financial and enterprise systems.
EDM standardizes and governs hierarchies from a single source. This approach promotes “one version of the truth,” eliminates redundant maintenance efforts, and reduces overall complexity.
As your organization’s IT landscape and business needs evolve (through growth, mergers, or new applications) EDM’s robust governance, validation, and synchronization features help minimize ongoing maintenance costs while ensuring data integrity and agility.